Datawatch Co. (DWCH) Given Consensus Recommendation of “Hold” by Analysts

Shares of Datawatch Co. (NASDAQ:DWCH) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.00.

A number of research firms have recently commented on DWCH. Canaccord Genuity reissued a “hold” rating and issued a $10.00 target price on shares of Datawatch in a report on Monday, October 30th. TheStreet raised shares of Datawatch from a “d” rating to a “c” rating in a report on Friday. Zacks Investment Research cut shares of Datawatch from a “hold” rating to a “sell” rating in a report on Monday, January 8th. ValuEngine raised shares of Datawatch from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Craig Hallum set a $18.00 target price on shares of Datawatch and gave the stock a “buy” rating in a report on Friday, January 5th.

In other news, CEO Michael Anthony Morrison sold 24,426 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total value of $245,969.82. Following the completion of the transaction, the chief executive officer now owns 147,465 shares of the company’s stock, valued at $1,484,972.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Eliason sold 16,156 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $9.91, for a total value of $160,105.96. The disclosure for this sale can be found here. Corporate insiders own 17.69% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP increased its stake in shares of Datawatch by 38.7% in the third quarter. Trexquant Investment LP now owns 19,138 shares of the technology company’s stock valued at $221,000 after buying an additional 5,338 shares during the period. Northern Trust Corp increased its stake in shares of Datawatch by 4.9% in the second quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock valued at $228,000 after buying an additional 1,148 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Datawatch in the second quarter valued at approximately $233,000. GSA Capital Partners LLP acquired a new position in shares of Datawatch in the third quarter valued at approximately $239,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of Datawatch in the second quarter valued at approximately $300,000. 39.43% of the stock is owned by institutional investors.

Datawatch (NASDAQ:DWCH) opened at $11.40 on Tuesday. The company has a market cap of $139.75, a PE ratio of -34.55, a PEG ratio of 8.00 and a beta of 0.81. Datawatch has a fifty-two week low of $6.70 and a fifty-two week high of $12.65.

Datawatch (NASDAQ:DWCH) last posted its earnings results on Thursday, January 25th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $9.28 million. Datawatch had a negative net margin of 6.89% and a negative return on equity of 3.81%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. equities analysts anticipate that Datawatch will post 0.07 earnings per share for the current fiscal year.

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Datawatch Company Profile

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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